Letting property
Being a Responsible Landlord
Whether you’re looking to supplement your income or explore property investment, letting your property to tenants can be a rewarding opportunity. However, it’s important to understand your legal obligations and rights as a landlord to avoid potential complications and financial liabilities down the road.
At Pengillys, we’re here to help, whether you’re an experienced landlord or letting a property for the first time. Here are some key considerations to keep in mind:
- Legal Requirements and Compliance: Before letting your property, it’s essential to be aware of the legal requirements, such as gas and electrical safety, environmental regulations, and the rules surrounding houses of multiple occupation.
- Energy Performance Certificates (EPC): If you’ve recently purchased the property and no energy-saving measures have been installed, the EPC provided at purchase should suffice. If needed, we can connect you with contractors who can conduct the necessary survey and provide certification.
- Tenancy Agreements: While your letting agent may offer standard Tenancy Agreements, we believe in a personalized approach. At Pengillys, we will create a tailored agreement that ensures compliance and offers you the best protection as a landlord.
- Deposit Protection: Once the Agreement is signed and tenants move in, it’s important to protect their deposit with the Deposit Protection Service (DPS) or another government-backed scheme. Failing to do so can lead to significant fines and issues when it’s time to end the tenancy.
- Notices: When it comes to ending a tenancy or managing periodic tenancies, getting the notices right is crucial. Incorrect notices can result in continued occupation by tenants, complicating the process.
We’re here to guide you every step of the way.
Please reach out to us today to learn how we can assist you in your journey as a landlord and ensure a smooth letting experience.